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Guideline Value

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Guideline Value for Karpagam Avenue 1st Street

₹1700/sq.ft.

The guideline value for Karpagam Avenue 1st Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Karpagam Avenue 1st Street

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Karpagam Avenue 1st Street guideline value

The current guideline value of Karpagam Avenue 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Karpagam Avenue 1st Street has changed

The guideline value for Karpagam Avenue 1st Street has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the value to Rs 1,700 per sq.ft, representing a 59% increase from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 6%.

It is important to note that there are no recorded figures for this street in the revisions of 2023, 2007, 2003, and 2002.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Karpagam Avenue 1st Street is below this median.

Stamp duty and registration fee for property in Karpagam Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Avenue 1st Street?

The Sub Registrar Office that covers Karpagam Avenue 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madambakkam

The guideline value is a critical factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Karpagam Avenue 1st Street?

The current guideline value of Karpagam Avenue 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024. Overall, there has been a 6% increase from 2012 to 2024.

Are there any revisions without figures for this street?

Yes, the register has no figures for Karpagam Avenue 1st Street for the years 2023, 2007, 2003, and 2002.

What is the registration office for Karpagam Avenue 1st Street?

The registration office for Karpagam Avenue 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How does the guideline value affect stamp duty?

The guideline value affects the stamp duty as it is used to calculate the fees based on the higher of the guideline value or the sale price. Buyers should be prepared to pay stamp duty and registration fees accordingly.